SBM Offshore Secures $1.1 Billion Revolving Credit Facility
SBM Offshore has successfully signed a significant unsecured Revolving Credit Facility (RCF) worth US$1.1 billion with a consortium of 13 international banks. This new facility is designed to refinance an existing RCF of US$1.0 billion that was scheduled to expire in early 2026. The updated RCF boasts a tenor of five years and includes options for two one-year extensions and the potential for an additional US$500 million in funding.
Importance of the Revolving Credit Facility
This RCF is crucial to SBM Offshore's financing strategy, allowing the company to support various corporate needs and fund working capital during the construction of its floating production solutions. More notably, a dedicated green tranche of US$100 million within the facility demonstrates the company's commitment to financing eligible green projects, emphasizing their focus on sustainability in offshore operations.
Strong Institutional Support
The successful syndication of this increased credit facility further reflects the robust support that SBM Offshore enjoys from financial institutions around the world. Such backing is indicative of trust in the company’s operations and future prospects within the energy sector.
About SBM Offshore
As a leader in deepwater ocean infrastructure, SBM Offshore plays a transformative role in the transition to cleaner energy. The company excels in the design, construction, installation, and operation of offshore floating facilities, which are crucial for enhancing energy efficiency and reducing environmental impacts. With a team of over 7,800 professionals worldwide, SBM Offshore aims to contribute to a sustainable future while balancing ocean conservation with economic advancement.
Commitment to Innovation
Innovation is at the heart of SBM Offshore's operations. By continually developing cutting-edge floating production solutions, they are poised to unlock new markets within the blue economy and respond to the ongoing energy transition effectively.
Corporate Contact Information
For further inquiries, SBM Offshore encourages stakeholders and interested parties to reach out through the following contacts:
Investor Relations
Wouter Holties
Corporate Finance & Investor Relations Manager
Phone: +31 (0)20 236 32 36
Email: wouter.holties@sbmoffshore.com
Media Relations
Giampaolo Arghittu
Head of External Relations
Phone: +31 (0)6 212 62 333 / +39 33 494 79 584
Email: giampaolo.arghittu@sbmoffshore.com
SBM Offshore is recognized under the stock ticker Amsterdam:SBMO, OTC Markets:SBFFY, and OTC Markets:SBFFF.
Frequently Asked Questions
What is the purpose of the US$1.1 billion RCF?
The US$1.1 billion RCF will be used to refinance an existing facility and support general corporate purposes and working capital needs.
What are the key features of the new RCF?
The new RCF has a tenor of five years with two options for one-year extensions and an uncommitted option for an additional US$500 million.
Why is the new RCF significant for SBM Offshore?
This RCF is an essential part of SBM Offshore's financing strategy, allowing the company to manage liquidity and undertake new projects.
How many banks participated in the RCF syndication?
A total of 13 international banks participated in the successful syndication of the RCF.
What is SBM Offshore's commitment to sustainability?
SBM Offshore is focused on financing eligible green projects and delivering energy solutions that support environmental protection alongside economic growth.
